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TECHS: Corrects Lower *RES 4:.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Corrects Lower
*RES 4: 1.3298 High High Dec 4
*RES 3: 1.3270 High Dec 6
*RES 2: 1.3239 76.4% retracement of the Nov 20 - Dec 31 decline
*RES 1: 1.3206 High Jan 28
*PRICE: 1.3162 @ 06:11 GMT Jan 29
*SUP 1: 1.3139 Low Jan 27
*SUP 2: 1.3105 High Jan 9 and former breakout level
*SUP 3: 1.3072 Trendline support drawn off the Jan 7 low
*SUP 4: 1.3026 Low Jan 9
USDCAD found resistance at yesterday's high. The move lower is likely a
correction though. Recent gains have erased the resistance band at 1.3186/3205,
the Dec 16 and 13 highs respectively. A clear breach of this zone would open
1.3270, Dec 6 high and extend January's bullish performance. First support is at
1.3139, Monday's low ahead of 1.3105, Jan 9 high and the former breakout level.
A break of the latter is required to threaten the bullish theme.

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